Civic Intelligence

Erikson Institute

990 • Fiscal year 2014 • EIN 36-2593545

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 16, 2015

451 North LaSalle Street60654-4510

(312) 755-2250

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.46x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

1.89x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

53rd percentile

5.1%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

27th percentile

$217,815

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

27th percentile

0.3%

Faster asset growth than 27% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$84,589,114

Up $226,608 (+0.3%) from 2013

Net Assets

Up

$46,073,694

Up $3,463,977 (+8.1%) from 2013

Liabilities

Down

$38,515,420

Down $3,237,369 (-7.8%) from 2013

Revenue

$20,364,136

No earlier filing loaded for comparison.

Expenses

Up

$19,318,575

Up $723,263 (+3.9%) from 2013

Net Income

$1,045,561

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $79,969,417Liabilities 2010: $39,926,138Net Assets 2010: $40,043,2792010Assets 2011: $81,527,736Liabilities 2011: $37,926,009Net Assets 2011: $43,601,7272011Assets 2012: $80,081,953Liabilities 2012: $46,214,762Net Assets 2012: $33,867,1912012Assets 2013: $84,362,506Liabilities 2013: $41,752,789Net Assets 2013: $42,609,7172013Assets 2014: $84,589,114Liabilities 2014: $38,515,420Net Assets 2014: $46,073,6942014Assets 2016: $80,699,202Liabilities 2016: $41,208,064Net Assets 2016: $39,491,1382016Assets 2017: $88,406,880Liabilities 2017: $38,477,386Net Assets 2017: $49,929,4942017Assets 2018: $87,157,060Liabilities 2018: $36,357,558Net Assets 2018: $50,799,5022018Assets 2019: $81,810,430Liabilities 2019: $33,389,107Net Assets 2019: $48,421,3232019Assets 2022: $89,249,782Liabilities 2022: $32,332,414Net Assets 2022: $56,917,3682022

Highlighted filing

2014

Assets$84,589,114
Liabilities$38,515,420
Net Assets$46,073,694

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $19,583,7902010Expenses 2011: $18,221,1482011Expenses 2012: $18,080,5812012Expenses 2013: $18,595,3122013Revenue 2014: $20,364,136Expenses 2014: $19,318,575Net Income 2014: $1,045,5612014Revenue 2016: $24,025,541Expenses 2016: $22,848,983Net Income 2016: $1,176,5582016Revenue 2017: $31,806,492Expenses 2017: $25,824,367Net Income 2017: $5,982,1252017Revenue 2018: $23,601,337Expenses 2018: $25,767,893Net Income 2018: -$2,166,5562018Revenue 2019: $26,247,769Expenses 2019: $26,229,084Net Income 2019: $18,6852019Revenue 2022: $29,402,363Expenses 2022: $25,484,310Net Income 2022: $3,918,0532022

Highlighted filing

2014

Revenue$20,364,136
Expenses$19,318,575
Net Income$1,045,561
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 16, 2015
Return Version
2013v4.0
Gross Receipts
$34,614,317
Mission and Program Overview

Mission

Erikson institute is an independent institution of higher education that prepares child development and family service professionals for leadership. Through its academic programs, applied research and community service and engagement, erikson advances the ability of practitioners, researchers, and decision makers to improve life for children and their families. The institute is a catalyst for discovery and change, continually bringing the newest scientific knowledge and theories of children's development and learning into its classrooms and out to the community so that professionals serving children and families are informed, inspired and responsive.

Erikson is an institution of higher education focusing on teaching, research and community service in the area of child development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,357,612$28,903,064▲ $545,452
Land, Buildings, and Equipment, Net$27,540,856$26,659,583▼ $881,273
Investments Other Securities$12,975,823$15,210,089▲ $2,234,266
Pledges and Grants Receivable$7,459,318$5,467,470▼ $1,991,848
Savings and Temporary Cash Investments$5,176,667$4,876,848▼ $299,819
Cash and Non-Interest-Bearing Accounts$1,498,198$1,660,679▲ $162,481
Accounts Receivable$385,368$450,468▲ $65,100
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$84,362,506$84,589,114▲ $226,608
Other Assets Total$968,664$1,360,913▲ $392,249
Liabilities
Tax Exempt Bond Liabilities$32,500,000$32,500,000→ $0
Other Liabilities$8,041,127$4,872,223▼ $3,168,904
Accounts Payable and Accrued Expenses$1,074,546$1,009,677▼ $64,869
Deferred Revenue$137,116$133,520▼ $3,596
Total Liabilities$41,752,789$38,515,420▼ $3,237,369
Net Assets / Fund Balance
Unrestricted Net Assets$16,252,635$20,005,469▲ $3,752,834
Permanently Rstr Net Assets$16,540,176$16,540,176→ $0
Temporarily Rstr Net Assets$9,816,906$9,528,049▼ $288,857
Total Net Assets Fund Balance$42,609,717$46,073,694▲ $3,463,977
Total Liabilities and Net Assets / Fund Balance$84,362,506$84,589,114▲ $226,608

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,123,740$4,175,423-
Other Land Buildings$52,500--
Land$2,692,677--
Equipment$790,666$3,205,457-
Leasehold Improvements$0--
Other Securities$15,210,089--
Closely Held Equity Interests$0--
Financial Derivatives$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$42,960,871$361,500▲ $6,371,061$5,284,850$44,408,582
2012$38,472,172$750▲ $5,662,324$1,174,375$42,960,871
2011$37,789,393$800,000▲ $909,515$1,026,736$38,472,172
2010$32,103,845$2,705,385▲ $4,931,980$1,951,817$37,789,393
2009$31,706,224$1,202,691▲ $3,357,460$4,107,362$32,103,845
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shirley RaySenior VP and Dean of FacultyFT$201,303$16,512$217,815
Randy HolgateVP for Institutional AdvancementFT$201,836$14,750$216,586
Susan WallaceVP for Finance & Operations/CFOFT$186,248$22,037$208,285
Barbara T BowmanTrustee/co-presidentFT$159,628$14,226$173,854
Jana FlemingDirectorFT$145,177$16,662$161,839
Jonathan FrankChief Information OfficerFT$136,034$21,667$157,701
Samuel MeiselsPresident-$136,280$16,003$152,283
Robert HalpernProfessorFT$121,433$19,513$140,946
Gillian Mc NameeProfessorFT$118,247$21,998$140,245
Linda GilkersonProfessorFT$127,964$9,960$137,924
Frances Stott KampwirthINTERIM CO_PRESIDENTPT$111,308$7,068$118,376

Highest Paid Contractors

ContractorServicesLocationCompensation
Alter GroupBuilding Management-$422,457
Sri InternationalProject Research-$236,784
Psh Kimco LLCJanitorial Service-$148,533
Russell Raynolds Associates INCExecutive Search-$119,422
The Rockwood CompanyInsurance-$110,018
Revenue and Support

Revenue Composition

Contributions and Grants
$10,798,417
Program Service Revenue
$5,229,376
Investment Income
$4,278,664
Other Revenue
$57,679
All Other Contributions
$5,892,323
Change in Net Assets
$1,045,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,223,006
Revenue Not Reported on Financial Statements
$1,141,130
Revenue Not Reported on Form 990
$2,418,416
Other Revenue Adjustments
$960,591
Total Revenue per Audited Statements
$21,641,422
Total Revenue per Form 990
$20,364,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,964,630
Other Expenses$7,393,354
Grants and Similar Amounts Paid$960,591
Total Fundraising Expense$675,752
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,855,828$1,698,929$414,382$8,969,139
Interest$1,289,051$179,868$29,978$1,498,897
Grants to Domestic Individuals$960,591--$960,591
Depreciation Depletion$788,335$110,000$18,333$916,668
Other Employee Benefits$633,395$156,960$38,284$828,639
Office Expenses$450,776$273,069$33,516$757,361
Payroll Taxes$545,513$135,182$32,972$713,667
Occupancy$556,747$79,261$12,422$648,430
Pension Plan Contributions$346,406$85,842$20,937$453,185
Travel$321,280$60,317$145$381,742
Conferences and Meetings$200,436$19,854$7,707$227,997
Insurance$59,978$146,131$0$206,109
Fees for Service Investment Mgmnt Fees-$180,539-$180,539
Fees for Services Legal$6,700$126,460-$133,160
Advertising$105,638$1,823$273$107,734
Other Expenses$72,351$280,108$47,346$72,351
Fees for Services Accounting-$27,830$0$27,830
Royalties$18,710--$18,710
Total Functional Expenses$15,068,654$3,574,169$675,752$19,318,575

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$19,318,575
Expenses per Audited Statements$18,177,445
Total Expenses per Audited Statements$18,177,445
Expenses Not Reported on Financial Statements$1,141,130
Other Expense Adjustments$960,591
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Agreement$3,816,762
Deferred Compensation Plan Payable$1,055,461

Bond Issues

BondIssuerIssuedIssue PricePurpose
A86-10919672007-12-12$32,500,000Construct and equip facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$32,500,000$0$0$328,294

Bond Financing Compliance

Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Sec B, Line 11B, Review of form 990 by governing body

Form 990 was reviewed by the president, chief financial officer and the treasurer and was distributed to erikson's board members before it was filed with the irs.

Form 990, Part VI, Sec B, Line 12C, Conflict of interest policy

All trustees, officers and key employees are required to complete erikson's conflict of interest policy on an annual basis and must disclosure all interests and relationships that may hold potential for raising conflict issues on the annual disclosure statement. The chairperson of the trusteeship committee reviews disclosure statements and communicates all potential conflicts with the board chair. If a potential for conflict is found to exist, the trusteeship committee will prepare a written recommendation for the executive committee on how best to minimize the effect of conflict upon the activities of the institute and the trustee, officer or key employee. The executive committee will make a final, written determination as to the handling of the conflict issue.

Form 990, Part VI, Sec B, Line 15A, Process to establish compensation of top management official

The compensation committee is appointed by the executive committee of the board. The compensation committee is charged with recommending to the board the president's compensation, including salary and benefits. The compensation committee reviews a compensation survey of similar positions in educational institutions similar to erikson, located within a metropolitan area. This information is obtained from form 990's. This review is conducted annually. The president reviews the compensation of officers and key employees of erikson. He reviews a compensation survey of similar positions in educational institutions similar to erikson, located within a metropolitan area. This review is conducted annually.

Form 990, Part VI, Sec C, Line 19, Required documents available to the public

Erikson institute makes its governing documents, conflict of interest policy and tax returns available for public inspection upon written request. This inspection takes place at its corporate offices at 451 n lasalle street, chicago, il.

Filing and Contact Details

Filer

EIN
36-2593545
Phone
3127552250

Signing Officer

Name
Geoffrey Nagle
Title
President and CEO
Signed
2015-02-16

Organization Details

Formed
1966
Legal Domicile
Il
Voting Board Members
38
Independent Board Members
37
Employees
230
Volunteers
200
Supplemental Narrative

Additional Explanations

, Compensation of Officers, Directors, Trustee

Reportable compensation for barbara t. Bowman represents income earned as a professor and interim co president not as a trustee of the organization.

Form 990 , Part XI, Line 9, Other changes in net assets or fund balances

Interest rate swap fair value adjustment - 138996;

Financial Statement Notes

Schedule D, Part V, Line 4, Intended uses of endowment funds

The board of trustees has designated certain amounts of unrestricted revenues to be classified as funds functioning as endowment. The income on these funds will be used to support ongoing operations. As of june 30, 2014, these funds were established for the following purposes: facilities $12,001,298 general operations $11,802,191; scholarships $160,177.

Schedule D, Part XI, Line 2D, Other revenues in audited financial statements not in form 990

Interest rate swap fair value adjustment - 138996;

Schedule D, Part XI, Line 4B, Other revenues in form 990 not in audited financial statements

SCHOLARSHIPS - 960591;

Schedule D, Part XII, Line 4B, Other expenses in form 990 not in audited financial statements

SCHOLARSHIP - 960591;

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IRS990/Desc0ERIKSON INSTITUTE: ERIKSON INSTITUTE PROVIDES GRADUATE LEVEL EDUCATION AND TRAINING IN CHILD DEVELOPMENT, SOCIAL WORK AND EARLY CHILDHOOD EDUCATION. APPROXIMATELY 280 STUDENTS ARE ENROLLED IN ERIKSON'S GRADUATE CERTIFICATE, MASTER'S DEGREE AND DOCTORAL DEGREE PROGRAMS. 88 MASTER'S DEGREE STUDENTS GRADUATED IN MAY 2013. IN ADDITION TO ITS DEGREE AND CERTIFICATE PROGRAMS, ERIKSON HELPS FURTHER THE EDUCATION OF 2,000 WORKING PROFESSIONALS EACH YEAR THROUGH ITS CONTINUING EDUCATION COURSES, WORKSHOPS, WEBINARS, AND CUSTOMIZED ON-SITE STAFF DEVELOPMENT.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd36X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd38X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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IRS990/Form990PartVIISectionAGrp/PersonNm0BARBARA T BOWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1BRUCE E HUEY
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN L HINES
IRS990/Form990PartVIISectionAGrp/PersonNm3KATE NEISSER
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELLE L COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm5ADRIENNE E WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm6ASHLEY NETZKY
IRS990/Form990PartVIISectionAGrp/PersonNm7CARI B SACKS
IRS990/Form990PartVIISectionAGrp/PersonNm8CATHERINE M ADDUCI
IRS990/Form990PartVIISectionAGrp/PersonNm9CLARE PINKERT
IRS990/Form990PartVIISectionAGrp/PersonNm10DIANE GOLDSTICK MEAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm11EDWARD S LOEB
IRS990/Form990PartVIISectionAGrp/PersonNm12ERIC ADELSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm13EVE M TYREE
IRS990/Form990PartVIISectionAGrp/PersonNm14IKRAM GOLDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15JACEE M BURNES
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES J ROCHE
IRS990/Form990PartVIISectionAGrp/PersonNm17JEANNA MARIE CAPITO
IRS990/Form990PartVIISectionAGrp/PersonNm18JOHN W MCNULTY
IRS990/Form990PartVIISectionAGrp/PersonNm19JOY SEGAL
IRS990/Form990PartVIISectionAGrp/PersonNm20JUDY MCCASKEY
IRS990/Form990PartVIISectionAGrp/PersonNm21KATHY RICHLAND PICK
IRS990/Form990PartVIISectionAGrp/PersonNm22LEWIS S INGALL
IRS990/Form990PartVIISectionAGrp/PersonNm23LINDA MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm24MARY A LARAIA
IRS990/Form990PartVIISectionAGrp/PersonNm25MITCHELL J LEDERER
IRS990/Form990PartVIISectionAGrp/PersonNm26PATRICIA REYNOLDS WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm27RICHARD S SCHUHAM
IRS990/Form990PartVIISectionAGrp/PersonNm28SABRINA GRACIAS
IRS990/Form990PartVIISectionAGrp/PersonNm29SABRINA GRACIAS
IRS990/Form990PartVIISectionAGrp/PersonNm30SANDRA PEREZ STERLING
IRS990/Form990PartVIISectionAGrp/PersonNm31SARA CROWN STAR
IRS990/Form990PartVIISectionAGrp/PersonNm32SARAH MANGLESDORF
IRS990/Form990PartVIISectionAGrp/PersonNm33SCOTT STEFFENS
IRS990/Form990PartVIISectionAGrp/PersonNm34SHERI B ZUCKERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm35SHIRLEY MADIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm36SUSAN J WISLOW
IRS990/Form990PartVIISectionAGrp/PersonNm37TOBY HERR
IRS990/Form990PartVIISectionAGrp/PersonNm38VIRGINIA G BOBINS
IRS990/Form990PartVIISectionAGrp/PersonNm39FRANCES STOTT KAMPWIRTH
IRS990/Form990PartVIISectionAGrp/PersonNm40GEOFFREY NAGLE
IRS990/Form990PartVIISectionAGrp/PersonNm41SUSAN WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm42RANDY HOLGATE
IRS990/Form990PartVIISectionAGrp/PersonNm43SHIRLEY RAY
IRS990/Form990PartVIISectionAGrp/PersonNm44GILLIAN MC NAMEE
IRS990/Form990PartVIISectionAGrp/PersonNm45JANA FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm46JONATHAN FRANK
IRS990/Form990PartVIISectionAGrp/PersonNm47LINDA GILKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm48ROBERT HALPERN
IRS990/Form990PartVIISectionAGrp/PersonNm49SAMUEL MEISELS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.2$32.3$56.9$29.4$25.5$3.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.8$33.4$48.4$26.2$26.2$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.2$36.4$50.8$23.6$25.8$2.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$88.4$38.5$49.9$31.8$25.8$5.98
2016Detailed filing. Detailed filing data is available for this year.$80.7$41.2$39.5$24.0$22.8$1.18
2014Detailed filing. Detailed filing data is available for this year.$84.6$38.5$46.1$20.4$19.3$1.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.4$41.8$42.6$18.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.1$46.2$33.9$18.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$37.9$43.6$18.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.0$39.9$40.0$19.6